Building materials specialist Wolseley has bought four distribution businesses in Europe and America for £33m.
The acquisitions bring the total spent by the firm on expanding its business since the beginning of this financial year to £216m. Wolseley, which has bought 14 firms in total, expects them to add £357m to turnover.
Last month Brossette, Wolseley’s French division, bought roofing materials distributor Duval, and Manzardo, the Italian branch, acquired the Iser Zauli group of plumbing and heating companies.
Wolseley’s North American arm Ferguson has bought wholesale plumbing distributor Daddario, and this month also bought fellow distributor Mecko.
Charlie Banks, Wolseley Group chief executive, said the firm was pleased to have hit its annual target for acquisitions of £200m in the first six months of the year.
He said: “These bolt-on acquisitions will further strengthen our presence in Europe and North America, and they support our strategy of growing the business through acquisition and organic growth.”
Wolseley supplies contractors as well as distributing plumbing and heating products.